IVES Stock Summary and Trading Ideas (Amplify ETF Trust Amplify Global Cloud Technology ETF | ARCA:IVES)

The Fund invests at least 80% of its net assets in the component securities of the Index and in ADRs and GDRs based on the component securities in the Index. The Fund may also invest in other investment companies that principally invest in the types of instruments allowed by the investment strategies of the Fund. The Index tracks the performance of the exchange-listed equity securities (or corresponding American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs")) of companies across the globe that are i) engaged in providing infrastructure, equipment, connectivity, data back-up and storage services, and data center management for organization-based ("enterprise") software applications, or ii) engaged in providing platforms that enable businesses to move data, networking, analysis, analytics and software applications over the Internet (the "cloud"), including cloud-enabling Software as a Service (SaaS) technologies.

Amplify ETF Trust Amplify Global Cloud Technology ETF trades on the ARCA stock market under the symbol IVES.

As of April 25, 2024, IVES stock price declined to $44.08 with 480 million shares trading.

IVES has a market cap of $28.65 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, IVES stock traded as high as $56.64 and as low as $26.17.

IVES has outperformed the market in the last year with a return of +41.5%, while the SPY ETF gained +23.6%. In the last 3 month period, IVES beat the market returning +6.5%, while SPY returned +4.1%. However, in the most recent 2 weeks IVES has underperformed the stock market by returning -3.4%, while SPY returned -2.1%.

IVES support price is $43.54 and resistance is $44.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IVES stock will trade within this expected range on the day.